Nvidia Corp | NVDA

Daily Technical Analysis of Nvidia Corp

Nvidia is up a bit on the day, funds flowing in kept the price up 2.76% since yesterday.

The Semiconductors company isn't at an immediate support or resistance level that might be predictive. Nvidia has looked pretty good over the last few months. It has definitely cuaght a bid and had a nice run. Over the last 3 months, shareholders are no doubt pleased to see a 58.95 percent return. It may find some support around the $279.31 price level in the near term.

Analyst Ratings for Nvidia By Price Target And Rating

Analysts currently have an extremely positive outlook for Nvidia. This normally relates to positive future price increases, especially on pullbacks. The current Analysts Sentiment Score is 484.41. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Robert W. Baird provided a price target boost of 30.43% to $300.00 from $230.00 on 2023-03-20. On 2023-03-17 Citigroup increased their price target by 24.49% to $305.00. On 2023-03-16 there was confirmation of the previous rating by Wedbush which was Neutral and provided a price target of $216.00. On 2023-03-16 Morgan Stanley upgraded Nvidia from Equal Weight to Overweight and moved up their price target to $304.00 which is a 19.22% increase. Susquehanna announced that they are reiterating a rating of Positive on 2023-03-09 and they set their price target at $265.00. Raymond James reiterated a rating of Strong-Buy on 2023-03-02 and added a price target of $290.00. On 2023-03-02 Credit Suisse Group set their price target to $275.00. Cowen gave a boost to their price target and moved to $260.00 from $240.00 on 2023-02-23. Needham & Company LLC boosted their price targ by 17.39% to $270.00 on 2023-02-23. Rosenblatt Securities reiterated a rating of Buy on 2023-02-23 and added a price target of $320.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
NVDA	484.41	424.94	-119.78	732.73	-69.05

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
NVDA	-14.87	-0.29

Short interest for Nvidia

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
NVDA	0.91	%1.352	0.6	-5.742	33800000

How Nvidia compares to the broader Technology sector and the more specific Semiconductors industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Semiconductors Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	88	0.49	2.68	18.31	12.39	20.69	13.15	62.12	11.70	18.95	3.42	-6352.29	-8167.34	20.74	1.14	4.36	64.29
Technology Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	472	0.01	1.94	11.74	10.03	13.23	3.47	61.58	4.91	5.32	-6.49	-13551.82	-8679.72	17.58	1.59	4.37	38.74

Social Sentiment for Nvidia

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
NVDA	9.00

Companies with the highest correlation to Nvidia

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
AMD \| Advanced Micro Devices	1.76	2.48	2.45	24.36	34.65	72.16	18.50	56	85.72	73.73	27.44	-650.72	-10688.94	1.52862
LSCC \| Lattice Semiconductor Cor	1.4	-0.14	2.00	0.23	-9.23	16.83	57.55	49	6.92	20.55	18.36	-3517.55	-215.78	4.52017
ASML \| ASML Holding NV	1.4	1.25	-0.77	10.60	18.53	19.58	26.73	50	52.53	62.58	36.58	-1241.55	-16208.76	0.748614
MPWR \| Monolithic Power Systems,	1.37	0.63	0.09	24.86	4.43	35.33	8.69	58	19.84	12.11	4.84	-2049.76	-7418.59	6.35085
MCHP \| Microchip Technology Inc	1.32	-0.24	4.66	10.45	0.35	7.40	17.25	65	5.81	9.88	6.06	-3815.10	-7331.12	4.29067
DIOD \| Diodes Inc	1.31	-0.65	1.29	6.10	3.83	6.70	23.73	51	13.68	26.35	18.66	-3356.88	-514.81	3.37662
SMTC \| Semtech Corp	1.27	5.48	6.32	26.83	-21.69	-17.53	-60.99	65	-29.96	-45.42	-47.44	-36503.14	-3222.20	6.00511
GOOGL \| Alphabet Inc. Class A Com	1.27	-0.32	-2.05	4.75	27.05	28.62	4.19	53	101.21	35.32	20.91	-1570.72	-13545.52	8.34219

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